Related Party Transactions and Balances

12 Months Ended

Dec. 31, 2025

Related Party Transactions and Balances [Abstract]

RELATED PARTY TRANSACTIONS AND BALANCES

9. RELATED PARTY TRANSACTIONS AND BALANCES

a. Nature of relationships with related parties:

	Relationship with the Company
Thunder Power Hong Kong Limited (“TP HK”)	Over which the spouse of Mr. Wellen Sham, the Company’s controlling shareholder, exercises significant influence
Thunder Power Electric Vehicle (Hong Kong) Limited (“TPEV HK”)	Over which the spouse of Mr. Wellen Sham, the Company’s controlling shareholder, exercises significant influence
Mr. Wellen Sham	Controlling shareholder of the Company
Ms. Ling Houng Sham	Spouse of Mr. Wellen Sham
Feutune Light Sponsor LLC (“FLFV Sponsor”)	Shareholder of the Company

b. Related party transactions:

For the years ended December 31, 2025 and 2024, TP HK charged operating lease expenses of $17,137 and $27,681, respectively.

For year ended December 31, 2025, the Company borrowed $1,349,264 from Mr. Wellen Sham to support the Company’s operations. The borrowings bear interest rate of 8% per annum and are payable through December 2026. For the year ended December 31, 2025, the Company borrowed $100,000 from Ms. Ling Houng Sham to support the Company’s operations. The borrowings bear interest rate of 8% per annum and is payable through March 2026. For the year ended December 31, 2025, Mr. Wellen Sham also made payments of $24,000 on behalf of the Company.

For the year ended December 31, 2024, the Company borrowed $991,560 from Mr. Wellen Sham to support the Company’s operations. The borrowings bear interest rate ranging between 8% per annum and 10% per annum and is payable through December 2025. As of December 31, 2024, the Company repaid borrowings of $25,000 to Mr. Wellen Sham.

c. Balance with related parties:

	Nature	December 31, 2025		December 31, 2024
TP HK(1)	Amount due to the related party	$	113,498	$	96,236
Mr. Wellen Sham(2)	Amount due to the related party		2,823,585		1,271,415
Ms. Ling Houng Sham (2)	Amount due to the related party		330,751		208,636
FLFV Sponsor(3)	Amount due to the related party		190,000		190,000
		$	3,457,834	$	1,766,287

(1) The balance due to TP HK represented the payments made by TP HK on behalf of TP Holdings regarding the office rental fee and employee salary expenses. The balance is interest free and is repayable on demand.

(2) The balance due to Mr. Wellen Sham represented the promissory notes of $560,000 for extension of FLFV, promissory notes of $2,575,824 for the daily operation of the Company, other payable of $28,000 for payment of operating expenses on behalf of the Company and interest payable of $219,761. The balance due to Ms. Ling Houng Sham represented promissory notes of $300,000 for extension of FLFV and interest payable of $30,751.

The promissory notes issued to Mr. Wellen Sham matured through December 2026 with interest rate ranging between 8% and 10%. The promissory notes issued to Ms. Wellen Sham matured through March 2026 with interest rate of 8%.

(3) In May and June 2024, FLFV issued three promissory notes to the FLFV Sponsor in exchange for an aggregated loans of $190,000 from the FLFV Sponsor, among which $50,000 was payable on closing of the Business Combination, and $140,000 was payable on June 21, 2024. As of the date of this Annual Report, the Company has not settled the promissory notes with FLFV Sponsor.